Banks, Tech Startups Develop Blockchain-Based Fintech Apps in Estonia

Rather, the company said that it would leverage the colored coin protocol Open Assets, which works on the original Bitcoin blockchain.
In June, Nasdaq partnered with San Francisco-based bitcoin API startup Chain to implement the Bitcoin blockchain technology.
Jochumsen added that Nasdaq is planning to develop several blockchain applications through its operations in Estonia.
Banks and startups in Estonia are developing financial service applications based on the blockchain, which use the same technology – colored coins on the Bitcoin blockchain – selected by Nasdaq, and could be related to Nasdaq’s initiatives in Estonia.
“[It] is the first time an established financial [institution] issues assets on the blockchain.” Read More: nasdaq estonia securities bitcoin companies transactions services applications more…